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March 14, 2022

Power industry contracts in Asia-Pacific for February 2022 down 42%

Asia-Pacific power industry contracts activity in February 2022 saw 64 contracts announced, marking a drop of 42% over the last 12-month average of 110, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in February 2022: China leads activity

Looking at contracts by country, China led the activity in February 2022 with 30 contracts and a share of 46.9%, up 21.1% over the previous month and down 6% when compared with the last 12 month-average, followed by India with 12 contracts and a share of 18.8% and Japan with seven contracts and a share of 10.9% during the month.

Looking at the last 12-month average, China held the top spot with 32 contracts, followed by India with 22 and Australia with eight contracts.

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Solar is top technology area for contracts in February 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 27 contracts and a 52.9% share, followed by wind with 12 contracts and a 23.5% share and hydro with five contracts and a 9.8% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in February 2022, with 24 contracts, followed by T&D Project (19) and Generation Equipment (12).

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Project Implementation: 29 contracts and a 45.3% share
  2. Supply & Erection: 12 contracts and an 18.8% share
  3. Power Purchase Agreement: 11 contracts and a 17.2% share
  4. Consulting & Similar Services: ten contracts and a 15.6% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3.1% share.

Power contracts in February 2022: Top companies by capacity

The top issuers of contracts for the month in terms of power capacity involved in Asia-Pacific were:

  1. Rajasthan Rajya Vidyut Utpadan Nigam (India): 1,785MW from one contract
  2. Sify Technologies: 231MW from one contract
  3. Fujian Sangang Minguang Group: 160MW capacity from one contract.

Power contracts in February 2022: Top winners by capacity

The top winners of contracts for the month in terms of power capacity involved in Asia-Pacific were:

  1. Solar Energy Corporation of India (India): 1,785MW from one contract
  2. China Power Engineering Consulting Group (China): 650MW from five contracts
  3. SEPCO Electric Power Construction (China): 500MW capacity from two contracts.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.

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